In Q1 2019, 39% of Stripe's hiring was outside Bay Area and Seattle. Last quarter, it was 74%. I think the rate at which tech industry is going global is still under-appreciated, and that this will be a big tailwind for the world over the next decade.
@PrestonPysh - Curious exactly what you think will happen - No hikes, or tiny rate hikes to instill fear? Irrespective, is your prediction here that inflation will not be lowered/controlled by these hikes? Why?
My belief: optimize for biz derisking and deliver fast for v1 (if value is not clear else skip to next), proceed to fundamentally sound mid/long (3 years) term choices for v2, v3 onwards is when you finally figure out the "right" design and refactor as you go
Wonderful thread, thanks for sharing! Bay area prices are so much higher than this, I feel like it takes a lot more $ to but enough property to have the rents on other units cover for mortgage on all units. Is that true or should I be looking at cheaper/budget areas?
Secondly, rents and mortgage move in tandem, and it feels like mortgage is always higher than rent to start with. Does it typically take a few years for rent to beat mortgage or can one always find "in the money" deals if one looks hard enough?